In my humble opinion, I think Encinitas should be considered.
Encinitas has good school, good neighborhood, close to La Jolla and it is definitely a great coastal area. The price is dropping by the day.
You have options like these:
1280 SANTA FE DRIVE, Encinitas, CA 92024 $599,000
2797 sqfts
4 bedrooms
3 baths
4 days on market
352 TRAILVIEW RD, Encinitas, CA 92024 $579,000
1800 sqfts
4 bedrooms
2 baths
25 days on market
209 VILLAGE RUN W, Encinitas, CA 92024 $565,000
2329 sqfts
5 bedrooms
3 baths
89 days on market
With the current market, I am quite positive you can negotiate some more, maybe 5-7% cheaper. Really depend on how despair the homeowners are.
But still, I think the market is not going to turn around anytime soon. I won’t touch real estates until the dusts are somewhat settled first. I foresee some RE bloodbaths in 2008/2009.
My suggestion remains the same: “Sit tight & enjoy the show. ”
